Exxon Submits $800 Million Claim With State Of Alaska

We wrote last month that ExxonMobil Corp. was threatening to sue the State of Alaska. Well, the powerful oil giant has now submitted a claim with Alaska for reimbursement by the state of $800 million. The company and its partners claim they have invested that much in the Point Thomson gas field development. It is just another example of this company’s greed and arrogance. We will watch developments in this case closely. You may recall that in Alabama, ExxonMobil sued the state and an administrative law judge ruled in the oil giant’s favor. This came after the state had sued ExxonMobil for fraud. The Alabama case is now on appeal to a state trial court judge and will likely wind up in the state’s Supreme Court.